Mid-Peninsula Pickering Inc

Analysis

Mid-Peninsula Pickering Inc is a registered charity in United States, based in Foster City, CA. It received its IRS tax-exemption ruling in September 1994, 32 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mid-Peninsula Pickering Inc reported income of $3.4m and spending of $4.6m, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $218k to $3.4m (+1438%), an average of +98% a year. The sharpest change came in the year to December 2023, when income rose by 608%. Over the whole period it spent 380% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mid-Peninsula Pickering Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Center for Community Health and Well-Being Inc ($3.3m), El Centro Comunal Borincano Day Care ($3.4m) and Corning Day Programs Inc Corning ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 50% of the total. Other salaries and wages came to $65k. At year end it held assets of $47.4m against liabilities of $64.7m, net assets of -$17.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.